G20, Draghi’s balance sheet: a success but we could have done more in 2050

G20, Draghi's balance sheet: a success but we could have done more in 2050

a A certain point of the Mario Draghi press conference is wrong. He cites 2050 as the date that will decide the end of greenhouse gases. This is a slip of the tongue. He is well aware that the long final release of the G20 states that “by or around the middle of the century”. He is well aware that the time frame, which later disappeared, was a fight to the last, as it was the architecture on which the results of the summit would be left to impact. when dragee does his thingFuchs enters Claude’s heart, and takes to the stage of the auditorium, the smile with which he turns to the cameras, revealing satisfaction but also the desire to reclaim the agreement sweaty on the negotiating tables. cheats. “It was a success” he begins before listing achievements such as global taxation and vaccination convergence. One of the poorest countries. It is on climate change that the discourse gets complicated. Today Draghi will fly to Glasgow for COP26, the UN climate conference, with Englishman Boris Johnson presiding over the Italian premier. Draghi is convinced the G20 has left a “solid ground” for an ambitious new deal.

In the Scottish cold, you’ll find Greta Thunberg in Premier Square. but already echoed in Rome blame Young activists echo the loud: “Many say they are tired of ‘blah blah blah,’ I believe at this summit we have filled the words with essence.” There were two more concrete results, but they were up in the air. “For the first time, countries have pledged to control temperatures below 1.5 degrees.” Whereas on coal “public funding will not go beyond the end of this year”. According to Draghi, this is not a victory but a step forward, which serves to break the inertia of the planet’s great skeptics and “keep our dreams alive”. Thanks to the Sherpas, top diplomatic adviser Luigi Mattiolo, who led the talks all night, there were signs of major obstacles. Sources closest to the premiere tell of a difficult conversation, with moments of tension that may have prompted someone to threaten to leave the table. Mattiolo confessed to Draghi: “It could have been a lot worse and considering how he was wearing it, it turned out great.” Resistance from Russia, China, Saudi Arabia and India did not leave much gap. formula on time limit Climate neutrality is at a time so vague that it allows Russian minister Sergej Lavrov to reaffirm the target set for 2060.

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But despair, for example, filters through the bitter declaration of UN Secretary-General Antonio Guterres, Draghi has no place. The former banker invites us to find a balance between desires and reality, between the initial conditions and the epilogue of two days spent in the spiritual realms of Euro. “It’s a little more toward 2050 than the previous commitment. It’s not accurate, but we were talking about the end of the century before it was completely absent.” Of course, “we would have given priority to all countries” to choose that date. But these things, according to Draghi, begin with adjustments to a statement and then end with facts. “Slowly we will reach 2050”. The language has been worked out to keep emerging countries as close as possible. Listening to their words. From the Chinese, says Draghi, who held bilateral meetings with Foreign Minister Wang Yi during the day, they expected “greater rigor”. Instead, China has accepted scientific evidence of objectives, with all the sacrifices it requires, for example over the still coal-fired production of steel. Infection has enormous economic and social costs. These are arguments that clash with the “cry of the earth” about which Pope Francis speaks and which, according to Draghi, took place at the G20 hearing.

In this frame of realism, the prime minister overlooks another chapter of long and complicated negotiations. $100 billion is allocated every year for renewable energy in the poorest countries, which were decided in 2009 at Cop15 in Copenhagen. Despite the fact that the United States, the European Union and the United Kingdom did not have more than a dollar. Fundraising worked. Italy will play its part by increasing its share from 500 million to 1.4 billion per year (7 billion over five years). There is, however, another financing model from which great people can hope to transform. This will be one of the Glasgow announcements, but Draghi wants to estimate it: the private sector is ready to contribute “the stratospheric number”, “130 or 140 trillion dollars”. Governments’ public policies, drags off, must find only the best way to free this money. Will Profits save the planet they risked destroying?

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